Undergraduate Calendar 1999-2000

Undergraduate Officer
D.T. Carter, HH 290, ext. 2747

Notes

1. All accounting courses except ACC 121, 122, 123, 131, and 231 are restricted to students in Honours Accounting Studies or to those who require them as part of their undergraduate program.
2. Students who fail to preregister during normal preregistration periods may be unable to take a particular course in their term of preference.
3. Students may only repeat courses labelled ACC in which they have a grade of D+ or less. A passed course may be repeated once with the approval of the School of Accountancy.

ACC100s

ACC 121 3C,1T 0.5
Understanding and Using Financial Accounting Information
This course is designed for non-accounting majors to help them understand and analyse financial statements.
Antireq: ACC 123, or OAC Accounting
Restricted to students with no OAC Accounting


ACC 122 3C,1T 0.5
Understanding and Using Managerial Accounting Information
This course is designed for non-accounting majors. The use of accounting information to assist in planning, control and managerial decision-making will be examined.
Prereq: ACC 121 or Accounting OAC
Antireq: ACC 123


ACC 123 3C 0.5
Accounting Information for Managers
This course is designed for non-accountants who will use accounting information for planning, control and decision making.
Antireq: ACC 121/122


ACC 128 3C 0.5
Core Concepts of Accounting Information
This course covers the users and uses of accounting information and accounting issues involving income, cash-flows, economic resources and capital.


ACC 131 3C 0.5
Management
The functional areas of business: finance, personnel administration, production, marketing and accounting are examined within differing organizational structures. Coverage also includes study of the principles of effective management and the financial system in Canada as a source of corporate capital.
Antireq: BUS 111W
May be subject to priority enrolment


ACC200s

ACC 228 6C 1.0
Core Concepts of Accounting Information 2
This course covers the planning, start-up, operating, auditing and tax compliance phases of a business with a focus on the accounting information that is used during these phases of business operation, and the information technologies that can support the development of such accounting information. Managerial accounting, financial accounting, auditing, taxation, and information technology concepts and applications are an integral part of this course.
Prereq: ACC 128


ACC 231 3C 0.5
Business Law
Particular attention is given to the law relating to contracts and business organizations. Other areas of study include sources of law, the judicial process, real and personal property, torts, agency, credit, and negotiable instruments.
Antireq: MTHEL 100


ACC 232 3C 0.5
Communicating Information for Decision Making
Theory and practice of public speaking. A workshop course involving design and delivery of various kinds of speeches, and the development of organizational, vocal, listening and critical skills. Students will be videotaped. This course addresses oral communication skills that are necessary for the professional accountant.
Antireq: DRAMA 223


ACC 290 3C 0.5
Intermediate Financial Accounting 1
A first course in intermediate accounting dealing with the theory and practice of financial statement preparation and reporting. The emphasis will be on asset valuation and the related impact on income measurement.
Prereq: ACC 228


ACC300s

ACC 371 3C 0.5
Managerial Finance 1
Analytic techniques for financial decision-making will be considered within a conceptual framework. Emphasis is placed upon the long-term investment, capital structure and distribution decisions. Developments in capital asset pricing, and efficient markets will be examined.
Prereq: One course in Statistics and ACC 290
Antireq: ECON 371


ACC 372 3C 0.5
Managerial Finance 2
The theoretical concepts examined in Accounting 371 will be applied within the context of the Canadian economy. Topics examined will include interest rate determination, capital markets, and risk/return characteristics of financing alternatives.
Prereq: ACC 371
Antireq: ECON 372


ACC 382 3C 0.5
Cost Management Systems
Consideration of more complex topics in management planning and control. Emphasis is on cost accumulation systems, performance evaluation, control models and case analysis of situations involving complex management accounting systems.
Prereq: ACC 228


ACC 392 3C 0.5
Intermediate Financial Accounting 2
This is an intermediate financial accounting course that deals with problems related to the measurement of liabilities, measurement of income, and the reporting and measuring of corporate equities.
Prereq: ACC 290


ACC400s

ACC 401 3C 0.5
Accounting Theory
A review of accounting theory as a background for applying underlying concepts to current accounting problems. Emphasis is on current literature, with a major term paper required.
Prereq: ACC 392 and 371


ACC 415-419 0.5
Special Topics
Admission by consent of instructor.


ACC 430 3C 0.5
Fundamental Applications to Accounting
This course focuses on strategic management of the total enterprise. It is based on the notion that accountants contribute to the organization in a way that is informed by their management and leadership capabilities as well as their accounting expertise. The course provides a framework for evaluation and action that ensures long-term fit between the firm's strategy and its environment, resources, managerial values and organizations.
Prereq: ACC 382


ACC 431 3C 0.5
Advanced Studies in Legal and Ethical Issues in Accounting
This course will examine issues such as economic torts, fiduciary responsibilities, administrative law and the interaction of law and accounting in practice. Critical ethical issues including an introduction to comparative professional ethics will also be examined.
Prereq: ACC 231 or MTHEL 100


ACC 442 3C 0.5
Accounting Information Systems
Examines the accountant's role in the design and evaluation of financial information systems. Discusses the implementation of small- and large-scale financial systems, and investigates the strategic use of information systems to achieve organizational objectives.
Prereq: ACC 228
Antireq: CS 330, 480


ACC 451 3C 0.5
Audit Strategy
An examination of elements of audit strategy and their interrelationships, including financial assertions, types and sources of audit assurance, and evidence-gathering procedures, including statistical auditing methods, such as sampling and regression analysis.
Prereq: ACC 228


ACC 453 3C 0.5
Control and Audit of Computer-Based Systems
An examination of the weaknesses in computer-based systems and compensating controls and their effect on the auditor's study and evaluation of internal control, and the utilization of computer-assisted audit techniques.
Prereq: CS 330


ACC 454 3C 0.5
Comprehensive/Operational Auditing
Examination of the value for money audit concept in the private and public sectors. This approach goes beyond the scope of the traditional financial audit and looks at all facets of the organization, including human resource management.
Prereq: ACC 228


ACC 461 3C 0.5
Taxation 1
A course in the interpretation in application of the major provisions of the Income Tax Act through an analysis of court decisions, Revenue Canada's publications, and practical problem situations.
Prereq: ACC 290


ACC 462 3C 0.5
Taxation 2
A continuation of ACC 461.
Prereq: ACC 461


ACC 463 3C 0.5
Taxation 3
A course which integrates the topics covered in ACC 461 and 462 for individual and corporate tax planning through a study of trusts, partnerships, corporate reorganizations and estate planning.
Prereq: ACC 462


ACC 464 3C 0.5
Tax Policy
An examination of the economic, political, legal and administrative aspects of selected contemporary issues in Canadian tax policy. The topics may include corporate loss transfers, minimum tax, auto expense rules, deductions for farm losses, tax simplification for small businesses, or other topics of current interest.
Prereq: ACC 461


ACC 471 3C 0.5
Investments
This course describes the environment in which individual investors, institutional investors, security analysts, and investment advisors operate. Students will develop knowledge of current techniques used in asset valuation, portfolio management, and financial planning.
Prereq: ACC 372 or ECON 372


ACC 480 3C 0.5
Selected Problems and Cases in Managerial Accounting
The course reviews and integrates a variety of topics necessary for those intending to pursue management accounting careers. It provides a comprehensive insight into the problems facing top management accounting executives and includes a number of cases designed to expose students to real world situations requiring qualitative and quantitative analysis.
Prereq: ACC 382 or consent of instructor


ACC 481 3C 0.5
Selected Topics in Managerial Accounting


ACC 491 3C 0.5
Advanced Financial Accounting
An advanced accounting course considering specific problems of accounting for the corporate entity, such as business combinations, intercorporate investments, consolidated financial statements, accounting for foreign operations and foreign currency transactions, segment reporting.
Prereq: ACC 392


ACC500s

ACC 501 3C 0.5
Contemporary Issues in Auditing and Accounting
The objective of this course is to examine the discipline of auditing in a broad context. The course builds on students' prior knowledge of the attest function and examines the role of the auditor and auditor judgement in such broader auditing issues as assurance levels, special audit problems and requiring other forms of audit. The course integrates a number of accounting and auditing issues.


ACC 502 3C 0.5
Control Systems in a Computer Environment
This is an advanced course that deals with the risks introduced by computer technology and the general and application controls used to reduce such risks to a tolerable level. The course helps students develop insights into the implications of emerging information technologies and helps students build practical skills to review and evaluate controls in computer-based systems.


ACC 503 3C 0.5
Issues and Problems in Accounting Practice
This course introduces students to a number of accounting issues, principles, practices and problems that they are likely to encounter in professional accounting practice.


ACC 504 3C 0.5
Issues and Problems in External Reporting
This is a capstone course designed to utilize students' understanding of financial accounting, cost and managerial accounting, finance, auditing, tax and accounting theory to interpret the current developments taking place in external reporting regulations in Canada.

The Undergraduate Calendar is published by the
Office of the Registrar, University of Waterloo, Waterloo, ON N2L 3G1 Canada
Inquiries: infoucal@www.adm.uwaterloo.ca
Revised February 1999